Section 16-47-5 - Grants and gifts preserved.

AL Code § 16-47-5 (2019) (N/A)
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No grant or gift, by will or otherwise, shall fail on account of any misnomer or informality, when the intention of the grantor or donor can be ascertained; nor shall any default or malfeasance on the part of the trustees or other officers or agents of such corporation work a forfeiture of any of its rights, powers, privileges or franchises.